Understanding tax for small businesses

Understanding tax for small businesses

Reviewed by John Newth

There are a number of well-known tax guides on the market, but none of these really cater for the needs of the tax layperson. For this reason ‘understanding tax for small businesses’ by Sarah Deeks is a welcome addition to the vast library of published books on tax.

The book is published by Hodder Education as part of the ‘teach yourself’ series, is a softback of about 300 pages retailing at £9.99, and really is aimed at the individual who is not a tax specialist. Sarah Deeks is an experienced tax writer, and more importantly is well-known for presenting complicated issues in a user friendly way. The book is available in all good bookshops.

The author covers all the main taxes in short readable paragraphs, as well as dealing with stamp duty, pensions, insurance, incorporation and closing and selling a business. Obviously Sarah does not go into technical detail, but highlights all the relevant issues and encourages the reader to obtain qualified professional help. Important issues like keeping good records and providing for tax liabilities are also stressed.

The book contains a number of case studies, illustrations, tables and checklists, and does not need an annual update, as there is space to include updated tax rates and allowances each year.

I would recommend this book to any individual wanting to find out about one of more aspects of the UK tax system. It would also be useful to the non-tax specialist accountant, and would even be a useful aide-memoire on the bookshelves of the tax specialist.

John Newth

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About The Author

Martino Matijevic is the Internet Marketing Consultant for TaxationWeb. A Marketing Management graduate and a former Marketing Consultant for the City of Nice in France, Martino brings a considerable marketing experience. Having subsequently trained as Web Developer with the European Commission in Brussels, he worked on online campaigns for high-profile companies such as Kelloggs, Sainsbury's, Halifax Insurance, Alfred McAlpine, Schwarzkopf, JD Williams, William Hill, LateRooms and Orange.

As well as being one of TaxationWeb's Directors, Martino also runs an internet marketing consultancy, Dorifor Internet Consultants, specialising in combining strategic marketing with the technical know-how of website design and development. In addition to being responsible for developing TaxationWeb, Dorifor also developed eTaxJobs, the World's largest tax jobs portal and WhichBudget, one of the World's leading budget travel websites.

Article Added Thursday, 09 October 2008

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